Seamec Limited has informed the Exchange regarding 'Intimation on Deployment Status of Vessel SEAMEC II'.
SEAMECLTD · price
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Seamec Limited has informed the stock exchange that its vessel 'SEAMEC II' has been off-hired from the ONGC project with effect from June 20, 2025. The vessel will undergo statutory drydocking after completing the required formalities, with further details to be shared later. This means the vessel is currently not generating revenue from charter. Seamec is a member of the MMG group and operates in the marine and offshore support services sector.
The off-hire of SEAMEC II from the ONGC project will result in a temporary loss of charter revenue from this vessel until it is redeployed or returns to service after drydocking. Investors should watch for updates on the duration of drydocking and any new contract for the vessel, as this will affect near-term earnings.